Most younger people stressed thinking about retirement
LOS ANGELES: Planning for retirement is stressing out people in their 20s, according to research.
Nearly three quarters (74 per cent) of 25 to 34-year-olds feel stressed when they think about their plans for retirement, according to a survey by Aviva. Overall planning for later life stresses out three in five – or 61 per cent – of people. A majority of people, 71 per cent, are concerned about not having enough money to do what they want when they retire.
Around two thirds (65 per cent) feel anxious about how long their pension savings will last. Aviva found in the survey of more than 2,000 people last month.
People aged 25 to 34 were found to feel particularly stressed when compared with other age groups about how early they should start paying into their pension, whether or not they should have more than one pension pot and whether they are paying enough into their pension savings.